We compute the homology of random Čech complexes over a homogeneous Poisson process on the d-dimensional torus, and show that there are, coarsely, two phase transitions. The first transition is analogous to the Erdős-Rényi phase transition, where the Čech complex becomes connected. The second transition is where all the other homology groups are computed correctly (almost simultaneously). Our calculations also suggest a finer measurement of scales, where there is a further refinement to this picture and separation between different homology groups.